I would say then that you should look at the video game crash of the early 80s. Nintendo came along and rescued the game industry from obscurity. I think a similar story is unfolding. In the last generation, only 80 million home consoles have been sold between Sony, Microsoft, and Nintendo combined. In the previous generation, Nintendo sold 110 million consoles by themselves (with the 3rd party companies selling 80 million combined) and in the previous generation, Sony sold 120 million consoles by themselves. So to have only 80 million consoles sold by everybody sends a message that the entire industry is losing to things like cell phones. Unfortunately, cell phone games are a race to the bottom. They sell for next to nothing and the quality often reflect that. So that industry too will inevitably crash.
What Nintendo is doing to rescue the industry is creating a console that has the mobility of a tablet with the quality of a console. The message is that you can be mobile without compromising quality. For a Dad like me this is huge. I never have time to game on the big screen, but I have time to game right before bed.